Kulim (Malaysia) Berhad (“Kulim”) traces its history back to 1933 when Kulim Rubber Plantations Ltd was incorporated in the United Kingdom. In 1976, Johor Corporation became the major shareholder of Kulim. Over the years, Kulim has grown to become a diversified plantation company and continues to strengthen its position by securing new hectarages whilst developing and strengthening its intrapreneur ventures.

At end-2013, Kulim made its way into Indonesia with the acquisition of 74% equity in PT Wisesa Inspirasi Nusantara (“PT WIN”), a plantation holding company in Indonesia, with rights over 40,645 hectares of potential oil palm land in Central Kalimantan. With the completion of this strategic acquisition, Kulim Group’s direct and indirect landholding stands at approximately 92,000 hectares, spread across Malaysia and Indonesia.

Early February 2016 marked another milestone for Kulim via PT WIN has proposed the acquisition of 95 per cent equity interest each in four Indonesia-based plantation companies (“Target Companies”). The proposed acquisition will increase Kulim’s total cultivated plantation land bank from its present 47,010 hectares to 81,392 hectares, with the additional 34,382 hectares of planted land bank by the Target Companies in South Kalimantan, South Sumatra and Aceh provinces. About a third of the land bank has been planted with tree-age profiles of less than four years. This is in line with Kulim’s business direction to expand its plantation land bank and gain larger market access in Indonesia. Ultimately, the proposed acquisition is expected to enhance Kulim group’s earnings in the long term when the overall market conditions improve along with the price of crude palm oil.

After having foothold in Oil & Gas related business in Malaysia, Kulim had on 10 December 2014, entered into a Conditional Subscription and Shares Purchase Agreement (“CSSPA”) with the existing shareholders of PT Citra Sarana Energi (“PT CSE”) for acquisition of 60% equity in the company. This will enable Kulim to expand its involvement in the O&G sector particularly in Indonesia in upstream activities of exploration and production.  


Kulim is recognized as one of the leading palm oil groups with operations currently spanning over Malaysia & Indonesia. Kulim was amongst the earliest palm oil producers to be certified to the Roundtable on Sustainable Palm Oil (“RSPO”) standard. Our management and growth strategy is fundamentally guided by “Vision 30:30”, which aims to raise fruit yields to 30 tonnes per hectare and palm product extraction rates to 30%, balanced with sustainable development principles.

Intrapreneur Ventures

Established as one of Kulim’s principal growth thrust, Intrapreneur Ventures (“IV”) Division is involved in a diverse range of businesses including support operations for plantations, biofertilizer, agricultural machinery, oil palm nursery and mills maintenance, as well as IT-related and insurance broking services. These companies will be developed and nurtured, with the aim to subsequently transform into strategic business divisions of the Group.

Oil and Gas (O&G)

Driven by its Balanced Business Strategy, Kulim is uncovering opportunities in a new business dimension - Oil and Gas (“O&G”) sector in the quest for business growth and value deliverance to its shareholders. Having footholds in O&G related businesses such as transportation of clean petroleum products and fabrication of O&G pipelines, Kulim aims at moving up the O&G value chain to expand into upstream O&G activities such as exploration, development and production, particularly in Indonesia as new space is being created. This enables us to tap into strategic investment opportunities that will broaden our earnings base and generate sustainable growth.


Kulim’s Agrofoods business includes cattle-rearing and pineapple planting. The choice for cattle-rearing is in view of high local demand while pineapple has high marketability worldwide, in addition to the Kulim Group’s contribution towards national food security programme.

Business Strategy

Our business portfolio is a progressive development from our traditional business of palm oil, pursued in line with our aim to sustain value creation for all our stakeholders via the adoption of an evolving and balanced business mix. While plantation and agriculture will dominate our business profile, we will continue to explore, identify and invest in businesses that offer superior long-term potential for growth and profitability, with the aim to minimise earning fluctuations so as to enable the Group to provide attractive returns to our shareholders. Kulim is confident in carving a new growth path with its experience and proven ability to develop businesses, including those outside its traditional palm oil business. Our pursuit of value and growth is firmly underpinned by our commitment to embrace sustainability and strong corporate governance as the overriding philosophy.